Plan Ledger DOL Form 5500 · updated monthly

The Farmers Bankbenefits

The Farmers Bank Health and Welfare Benefit Plan · PORTLAND, TN · plan year 2025

Broker compensation reported · 2025
$95,663

The Farmers Bank's benefits plans covered 146 active participants in 2025, providing health · life · dental · vision · long-term disability · death benefits. Insurance brokers and agents were paid $95,663 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $655 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 6.7% from $89,642 in 2024.

Insurance contracts · 20252
BLUECROSS BLUESHIELD OF TENNESSEE, INC. · health drug dental visionpremiums n/a · 249 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · life ltdpremiums n/a · 146 covered
Brokers & agents paid · 20252
REX A. DAVENPORT$87,309
LOCKTON COMPANIES, LLC$8,354 · incl $1,221 fees

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 620197640 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.